[GonzoGOP]

Lest try another thought example. You are spending so much money that you can't pay your bills. You want to borrow more money for more spending without any way to increase your income. Would any rational person loan you more money when your income can't support your existing spending and no new sources of income have been proposed?

[ctdonath2]

Close, not quite. The point here is austerity spending at the too-late point.

Example: You finally stopped your prolific spending. The banks have backed off to give you economic breathing room. They’re not going to send the debt collector, but they’re not going to loan you any more money either. You have four mouths to feed. You have a job, but it’s two weeks ‘till payday, work is a 2-hour drive away, and the gas tank is empty.
Response: The problem isn’t that you’re on a tight budget. The problem is yer doomed.

Get ready for the collapse of Spain.